Palm oil may retest support at 4,903 ringgit

Palm oil (FCPOc3) may retest support at 4,903 ringgit per metric ton, a break below may trigger a fall into the 4,843-4,876 ringgit range.The current fall is riding on a wave c, the third wave of a presumed three-wave cycle from the August 21 high of 5,031 ringgit.This wave is capable of travelling…